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MSM, MSM Corporation International
blacksheep
post Posted: Sep 21 2018, 08:46 PM
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In Reply To: blacksheep's post @ Jun 14 2018, 09:25 PM

MSM currently in a TH -" pending an announcement regarding the placement of securities under binding agreements as announced 5 July 2018 and the Company’s overall funding strategy."

Assume the binding agreement is the one with RIVA who were going to pay 4.3c/share - the SP is currently 0.09c/share. Can't see that happening now @ 4.3c, but time will tell.

4 JUNE 2018
QUOTE
Riva has confirmed its commitment to MSMCI via a priority shortfall
allocation of 37 million new fully paid ordinary shares at A$0.043 per share
to raise $1,591,000 in the Entitlement Offer announced 17 April 2018


3 September 2018
QUOTE
Global digital technology and entertainment company, MSM Corporation
International Limited (ASX: MSM) (“MSM” or the “Company”) wishes to advise that
there will be a delay in finalising the strategy and market entry plan for Megastar
India which was anticipated to be completed by RIVA by 30 August 2018 under
the HOA announced 4 June 2018.

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jun 14 2018, 09:25 PM
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In Reply To: nipper's post @ Jun 14 2018, 09:00 PM

I guess when this post (below) was made on HC -" If the big mining man TOLGA backing this one well now where talkin some serious movement in MSM share price". - the poster omitted to say whether it was serious movement up, or serious movement down. thumbdown.gif

They raised $10.5 mil in August last year and now they are struggling

QUOTE
tolga_kumova$MSM the moment you realise your app is top 5 downloads in USA! Go Megastar Millionaire!! Well done team!
shaunwilson29
roze_cookOh wow! Well done @tolga_kumova
tolga_kumova@roze_cook I didn't really do much. Just backed some smart guys from silicon valley 2 years ago
roze_cook@tolga_kumova Smart decision on your behalf also!
paulee_delaneyAwesome! I’ve been looking for the app rankings but couldn’t find any cheers mate go MSM!!
julianbabVery smart investment Mr Kumova.....I believe you’re in good company! @tolga_kumova
macashie87

If the big mining man TOLGA backing this one well now where talkin some serious movement in MSM share price.


Stop drinking the kool-aid people biggrin.gif



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Jun 14 2018, 09:00 PM
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In Reply To: blacksheep's post @ Jun 14 2018, 07:45 PM

Wishful delusion in punter-land?



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Jun 14 2018, 07:45 PM
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In Reply To: blacksheep's post @ May 22 2018, 11:55 PM

That's a massive shortfall, announced after the market closed

Shares:
Total securities offered under the Entitlements Offer 85,426,596
Entitlements validly applied for 3,250,559
Shortfall securities 82,176,037

Attaching Options:
21,356,649
812,639 (taken up)
20,544,010 (shortfall)

QUOTE
Global digital technology and entertainment company, MSM Corporation
International Limited (ASX: MSM) (“MSM” or the “Company”) wishes to advise that
the Company has received acceptances for 3,250,559 fully paid ordinary shares
("Shares") and 812,639 attaching $0.10 listed options expiring 7 November 2019
("Attaching Options") from eligible shareholders under the Entitlements Offer
raising total funds of $139,774, before costs.

Seems they have a plan B

QUOTE
It is proposed that the 3,250,559 Shares and 812,639 Attaching Options will be
allotted and issued on or before 18 June 2018.

As disclosed in the Company's prospectus dated 21 May 2018 (refer also to the
supplementary prospectus dated 31 May 2018) (together, "Prospectus"), the
Company has entered into a number of agreements with strategic investors to take
up to approximately $3,397,000 worth of the shortfall (comprising 79,000,000
Shares and 19,750,000 attaching Quoted Options). The Company intends to settle
this portion of the shortfall pursuant to these agreements on or about 30 June
2018.

Also as disclosed in the Prospectus, the Company had received commitments from
eligible shareholders to apply for $276,344 of their entitlement. As this
commitment was not received in full as at the closing date, the Company has
agreed with those eligible shareholders to settle the balance by a subscription for
the remaining $136,570 of shortfall (comprising 3,176,037 Shares and 794,010
Attaching Options). The Company intends to settle this portion of the shortfall on
or about 30 June 2018.



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: May 22 2018, 11:55 PM
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Posts: 6,791
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In Reply To: blacksheep's post @ May 22 2018, 12:03 PM

Had a quick look at MSM's last quarterly cash flow lmaosmiley.gif

Good news - they received a WHOPPING $7K from customers biggrin.gif also received $10k interest

Bad news - their expenditure lmaosmiley.gif

product manufacturing and operating costs - (835)k
advertising and marketing - (266)k
staff costs - (789)k
administration and corporate costs - (516)k
Net cash from / (used in) operating activities - (2,389)m

and ended up with $637 k left in kitty at the end of Q1 2018 - that's after receiving $1.7 m from a CR.

Total expenditure Q2 2018 estimated to be ($2.150)m

They hope to raise another $3.67m before costs
QUOTE
Pursuant to the Entitlement Offer, the Company will issue up to approximately 85,426,596 New Shares and 21,356,649 Attaching Options to raise up to approximately $3.67
million (before costs).


That leaves them, at the end of next Qtr, with roughly $2.1m - maybe just enough to keep the lights on for another Qtr. Let's hope their customer receipts ramp up considerably





--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: May 22 2018, 12:03 PM
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Posts: 6,791
Thanks: 2304


In Reply To: blacksheep's post @ Feb 9 2018, 01:41 PM

MSM back trading, after a long suspension. Looking to raise more funds - wonder if these rockstars will stump up again?

QUOTE
tolga_kumova$MSM the moment you realise your app is top 5 downloads in USA! Go Megastar Millionaire!! Well done team!
shaunwilson29
roze_cookOh wow! Well done @tolga_kumova
tolga_kumova@roze_cook I didn't really do much. Just backed some smart guys from silicon valley 2 years ago
roze_cook@tolga_kumova Smart decision on your behalf also!
paulee_delaneyAwesome! I’ve been looking for the app rankings but couldn’t find any cheers mate go MSM!!
julianbabVery smart investment Mr Kumova.....I believe you’re in good company! @tolga_kumova
macashie87

If the big mining man TOLGA backing this one well now where talkin some serious movement in MSM share price.

https://hotcopper.com.au/threads/megastar-a...96#.WwN14UiFO71

QUOTE
@shimmer , just found out Tolga, Evan Cranston and Eddie King the trio from EUC are among too 20 oppie holders


MSM hit a high of 29c after it was revealed TK+team were invested - .SP currently 3.4c,




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 

sentifi.com

Share Cafe Sentifi Top themes and market attention on:


blacksheep
post Posted: Feb 9 2018, 02:44 PM
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In Reply To: nipper's post @ Feb 9 2018, 01:56 PM

You're showing your age, nipper biggrin.gif

Today's generation don't need anything other than their iPhone to have a party - they live in a virtual world



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
nipper
post Posted: Feb 9 2018, 01:56 PM
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Posts: 6,458
Thanks: 2246


In Reply To: blacksheep's post @ Feb 9 2018, 01:41 PM

QUOTE
world's richest online, mobile-first, talent discovery competition platform
- What if they threw a party and nobody came?



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Feb 9 2018, 01:41 PM
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Posts: 6,791
Thanks: 2304


Another stock seems to have lost some of it's former gloss?

QUOTE
MSM Corporation International Limited is a digital technology and media entertainment company that, via the first product offering, Megastar Millionaire, will launch the world's richest
online, mobile-first, talent discovery competition platform
.

Brief history - all IMHO, so DYOR

Raised A$10.5 mil via the issue of shares and convertible loans in August last year.

Celebrity superstar Usher appointed as MSM as Megastar chief creative director.

Celebrity investors noted on the register and everyone got very excited - https://hotcopper.com.au/threads/megastar-a...96#.Wn0L-uhua70

RaaS Research undertakes a number of "commissioned" reports - http://msmci.com/research/

Media & Capital Partners seem to be media advisor? Their name appears on anns. They're also connected to Stockheads -http://www.afr.com/brand/rear-window/media--capital-partners-launch-journalism-startup-stockhead-20170821-gy0jd

Money quickly runs out, resulting in Placement Completed to Accelerate Growth - $3.4 Million Capital Raising - in November 2017

Money again quickly runs out resulting in TH re Cap Raise, followed by Voluntary Suspension in January this year

Ann out yesterday - "Binding commitments received for the placement of 40,000,000 shares to raise $1.72M before costs. Intention to undertake an entitlements issue to eligible shareholders on similar terms to the placement"

According to their last quarterly they had $1.4 mil in kitty and expected outflow this quarter was $1.7 mil, so this new injection of funds won't go far - particularly if the entitlement offer isn't taken up. Also they seem to have trimmed their staff and admin costs by half in their estimates for this quarter compared to last quarter actual. Income for last quarter was (gulp) $6k whilst operating expenses (gulp, gulp) $6.2 MILLION - but then Usher doesn't come cheap.

Best of luck to holders.
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 



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